Blockchain is decentralized and hence there is no central place for it to be stored. That’s why it is stored in computers or systems all across the network . These systems or computers are known as nodes. Each of the nodes has one copy of the blockchain or in other words, the transactions that are done on the network.
Read moreWhat can you store on blockchain?
Using traditional storage mechanisms The only thing we store on the blockchain is the hash of our data . In comparison to our data, the hash is very small so the cost of a transaction is relatively low. The raw data can be stored in any way we want. For example, we could use a relational database or just a file system.5 Tem 2018
Read moreWhat is SQL blockchain?
Blockchain is simply a new type of database . Rather than traditional databases (SQL or NoSQL) that are controlled by single entities, blockchain can be shared by a group of non-trusting parties without requiring a central administrator.
Read moreCan we use blockchain as database?
The ultimate goal of a blockchain is to store information, which makes it a database. Blockchains only differ from other database types by the way they store data. While blockchains can be considered a database, a database is typically not a blockchain . Databases generally don’t use signed blocks to store the data.
Read moreWhat are the key features of the blockchain?
List of Top Blockchain Features
Read moreWhat is unique about blockchain?
It is an immutable public digital ledger , which means when a transaction is recorded, it cannot be modified. Due to the encryption feature, Blockchain is always secure. The transactions are done instantly and transparently, as the ledger is updated automatically.
Read moreIs Blockchain database a distributed database?
A blockchain not only allows to add new data to the database but it also ensures that all the users on the network have exactly the same data. Thus, a blockchain is a distributed and decentralised linked data structure for data storage and retrieval which also ensures that the data is resistant to any modification.
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